Senator John Thune (R-SD) tells Janet Yellen he is concerned about the "massive amount of debt that we continue to rack up" and says "we seem to have no concern" about it
🤔
🤔
James Lankford (R-OK) asks Yellen what metric signals debt it too high.
She says there's no single metric but one to watch is the interest burden of the debt as a share of GDP.
Lankford says we need an earlier warning sign than that. 🧐
She says there's no single metric but one to watch is the interest burden of the debt as a share of GDP.
Lankford says we need an earlier warning sign than that. 🧐
Rob Portman (R-Ohio) warns against getting "too comfortable" with low interest rates, asks Yellen to be "voice of fiscal sanity within the administration."
"I pledge to do that," Yellen says.
"I pledge to do that," Yellen says.
Janet Yellen did not belittle Republican concerns about the national debt.
She just said it's a problem for later and a bad reason not to mitigate pointless human suffering today.
huffpost.com/entry/republic…
She just said it's a problem for later and a bad reason not to mitigate pointless human suffering today.
huffpost.com/entry/republic…
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